Articles
MODEL PENETAPAN HARGA IPO BERDASARKAN VALUATION
Aty Herawati;
Noer Azam Achsani;
Sri Hartoyo;
Roy Sembel
MIX: JURNAL ILMIAH MANAJEMEN Vol 6, No 3 (2016): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana
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Abstract : The process of initial public offering of a company to the investors calledIPO (Initial Public Offering). .At time the company do an IPO, the shares price at IPOwas an agreement between the company and its underwriter. The phenomenon thatoccurs is the shares price at IPO lower than the intrinsic shares price based onvaluation, after the shares has been traded on the stock exchange, the phenomenon thatoccurs is IPO share price lower than the closing price on the first day. The purpose ofthis research is to create a model of how to set the share price at the time the companywill conduct IPO based on intrinsic share price valuation results. The valuation methodused is the Price to Earning Ratio. Research carried out on companies that did an IPOin 2000 - 2014 with a purposive sampling of 240 companies. The results showed therewas a difference between intrinsic shares prices based on the valuation and the sharesprice that set at the time of IPO. After the shares listed in the secondary market, therewas a difference between IPO share price and the closing price on the first day.Meanwhile, there is no difference between the intrinsic shares price and the closingprice on the first day, so in order to avoid underpricing, the IPO price can be predictedbased on intrinsic shares price valuation.
SUSTAINABILITY ANALYSIS AT SIDOMULYO SMALLHOLDER COFFEE AGRO-INDUSTRY
Elida Novita;
Rizal Syarief;
Erliza Noor;
Rubiyo Rubiyo
UNEJ e-Proceeding International Conference on Agribusiness Marketing (ICAM) 2012, Faculty of Agriculture, University o
Publisher : UPT Penerbitan Universitas Jember
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Sustainability of Sidomulyo smallholder coffee agro industry as a part of Jembercoffee agribusiness should be attempted by improving their high quality of coffee bean.Development of sustainability assessment indicators is needed to determine the factors thatare feasible to support coffee agro industry. Case studies conducted in smallholder coffeeplantation at Jember District, East Java. Through Rap-Coffee simulation, sustainabilitystatus is moderate (58.94%). Improving the status can be achieved based on the keyattributes of sustainability framework. Supports from stakeholders such as government,research institute and banking with incentives, credit, maintaining equipment and qualitystandards assistance would increase productivity and quality while improving smallholdercoffee prices.
The Influence of Oil Concentration, Nitrogen and Phosphorus Composition on Crude Oil Biodegradation by Epyzim and Mixed Cultures of Pseudomonas aeruginosa and Arthrobacter simplex
ERLIZA NOOR;
LINAWATI HARDJITO
Microbiology Indonesia Vol. 2 No. 3 (2008): December 2008
Publisher : Indonesian Society for microbiology
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DOI: 10.5454/mi.2.3.10
Biological methods have gained attention as an alternative treatment for oil degradation in pollution remediation. External and internal factors have a great influence on crude oil biodegradation. This experiment studied the effect of oil concentrations and ratios of Ammonium and Phosphate on oil degradation in mixed cultures of local strains of Pseudomonas aeruginosa and Arthrobacter simplex. The oil degradation ability of this mixed culture was compared to the dormant culture of Epyzim. The increase of oil concentration, from 1, 3, 5 and 10% (w/v), significantly lowered the ability of both cultures to degrade the oil i.e from 83 % for 1% oil concentration to 64% for 10% oil concentration using local strains. The local strains showed better capability compare to the dormant culture. Medium composition was designed by three levels of ammonium concentration (7.6, 37.9 and 75.8 mg l-1) and two levels of phosphate concentration (2.0 and 9.9 mg l-1). The ratio of ammonium to phosphate of 3.8:1.0 in the growth media has resulted the maximum level of oil degradation, i.e 83% and 88%, for dormant and local cultures respectively. The results suggest a potential usage of local microorganisms in degrading crude oil-polluted water.
Dampak Keterkaitan Ekonomi Pulau Sulawesi, Jawa Timur, dan Kalimantan Timur terhadap Ekonomi Wilayah
Arman Arman;
Setia Hadi;
Noer Azam Achsani;
Akhmad Fauzi
Jurnal Ekonomi & Kebijakan Publik Vol 7, No 1 (2016)
Publisher : Pusat Penelitian, Badan Keahlian DPR RI
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DOI: 10.22212/jekp.v7i1.406
Ketimpangan ekonomi antarwilayah di Indonesia masih terus berlangsung, di mana Pulau Jawa menguasai +60 persen aktivitas ekonomi. Penelitian ini menganalisis dampak keterkaitan ekonomi antarwilayah Pulau Sulawesi, Jawa Timur, dan Kalimantan Timur. Sulawesi Utara, Sulawesi Tengah, Sulawesi Tenggara, dan Gorontalo diagregasi menjadi satu unit wilayah menjadi Sulawesi Lain. Sulawesi Selatan dan Sulawesi Barat diagregasi menjadi satu unit wilayah menjadi Sulawesi Selatan. Data dasar tahun 2005 diupgrade ke tahun 2011 dengan menggunakan teknik RAS. Hasil analisis menunjukkan bahwa transaksi aliran barang antara wilayah Sulawesi Lain dengan Sulawesi Selatan masih sangat kecil. Kebutuhan input antara Sulawesi Lain dan Sulawesi Selatan lebih banyak dipasok dari wilayah Jawa Timur. Kedua wilayah tersebut lebih banyak bergantung pasokan aliran barang dari wilayah Jawa Timur. Keterkaitan ekonomi antara Sulawesi Selatan dan Sulawesi Lain terhadap Kalimantan Timur dipengaruhi aliran komoditas pertanian dan energi. Wilayah Sulawesi Selatan dan Sulawesi Lain banyak memasok kebutuhan pangan, sedangkan wilayah Kalimantan memasok kebutuhan energi ke Sulawesi. Wilayah Jawa Timur memperoleh manfaat ekonomi yang paling besar akibat interaksi ekonomi dengan Sulawesi Selatan, Sulawesi Lain, dan Kalimantan Timur. Hasil interaksi memberikan pengaruh spillover yang sangat besar terhadap wilayah Jawa Timur. Pengaruh spillover mengindikasikan kinerja ekonomi wilayah Jawa Timur meningkat bila keterkaitan ekonomi (aliran barang) dengan Pulau Sulawesi dan Kalimantan Timur semakin kuat. Dampak keterkaitan ekonomi pada keempat wilayah menunjukkan Jawa Timur memperoleh manfaat yang lebih besar. Namun kinerja dan pertumbuhan ekonomi Jawa Timur memberikan pengaruh spillover yang masih sangat kecil terhadap wilayah Sulawesi dan Kalimantan.
Penilaian aliran limbah elektronika di DKI Jakarta menggunakan Material Flow Analysis (MFA)
Dino Rimantho;
Erliza Noor;
Eriyatno Eriyatno;
Hefni Effendi
Jurnal Ilmu Lingkungan Vol 17, No 1 (2019): April 2019
Publisher : School of Postgraduate Studies, Diponegoro Univer
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DOI: 10.14710/jil.17.1.120-129
Electronic equipment is produced to meet human needs, so this will also have a significant impact on increasing the rate of e-waste generation in landfills in almost all countries. One of the environmental pollution issues that are of concern throughout the world is the management of e-waste (e-waste). This is due to the rapid increase in the use of electronic products. Thus, the existence of electrical and electronic equipment becomes shorter and becomes obsolete. The absence of information related to the volume of e-waste generation and material flow is one of the problems of the Indonesian government in managing e-waste. Therefore, the purpose of this paper is to calculate e-waste and analyze material flow. The method used in this study is Material Flow Analysis (MFA). Furthermore, a survey of household and informal sector respondents was used. The questionnaire adopted from UNEP was modified and distributed to 400 households and 54 informal sectors in DKI Jakarta. The results show the total rate of generation of e-waste produced aaproximately 7713.42013 kg/year. Furthermore, it is necessary to develop several strategies in order to avoid negative impact. This research can be information in filling the data limitations and management of sustainable e-waste in DKI Jakarta.
Penggunaan Bahan Bakar Alternatif dalam Pengelolaan Tambang Batubara sebagai Sumber Energi yang Ramah terhadap Lingkungan
Frances Roi Seston Tampubolon;
Arief Sabdo Yuwono;
Armansyah Halomoan Tambunan;
Noer Azam Achsani
Jurnal Ilmu Lingkungan Vol 19, No 1 (2021): April 2021
Publisher : School of Postgraduate Studies, Diponegoro Univer
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DOI: 10.14710/jil.19.1.89-97
Penggunaan alternative di masa masa seperti sekarang ini sangat diperlukan. Hal yang paling signfikan adalah penggunaan bahan bakar untuk pengolahan bahan mineral seperti batubara, nikel, tembaga dan lain sebagainya. Dengan penggunaan bahan bakar alternative akan memberikan solusi apabila dibandingkan dengan penggunaan bahan bakar fosil seperti minyak bumi yang sebentar lagi akan mulai habis. Batubara berkontribusi terhadap hujan asam dan kabut asap, terutama ketika dibakar tanpa scrubber. Studi LCA lengkap yang berisi analisis dampak (endpoint impact category) berdasarkan beberapa kategori kesehatan manusia (human health), ekosistem (ecosystem), dan sumber daya air (water resources). Analisis siklus hidup ini dilakukan untuk jenis logam di industri pertambangan. Analisis siklus hidup digunakan untuk menganalisis dampaknya terhadap kesehatan manusia dan pemanasan global. Akan dibutuhkan pengolahan dan penggunaan bahan bakar alternative tersebut sebagai sumber energi. Di dalam penelitian pengolahan data akan sangat dibutuhkan apabila pada saat melihat pengaruh dari penggunaan bahan bakar alternative terhadap kondisi lingkungan yang ada di sekitarnya. Dampak penggunaan listrik yang dikonsumsi untuk proses penambangan akan memberikan pengaruh terhadap meningkatnya efek pada pemanasan global. Fuzzy logic yang akan dikombinasikan dengan penggunaan metode LCA di dalam penelitian ini untuk membantu proses di dalam hal mengumpulkan data menggunakan kuesioner yang dipandu selama fase tujuan dan ruang lingkup (goal and scope) dan analisis persediaan. Selanjutnya metode open LCA untuk melihat hasil yang diperoleh dari data sekunder pada database yang diperoleh sebagai data sekunder. Dari hasil penelitian memberikan nilai 2,5 untuk proses land clearing dan top soil hauling dan nilai 2 untuk over burden stripping nilai 2 over burden disposal, nilai 2 untuk coal hauling dan hasil output memberikan nilai 0,529 untuk global warming potential.
PENGARUH KEBIJAKAN FISKAL TERHADAP PEMBANGUNAN SEKTOR PERTANIAN KABUPATEN DAN KOTA DI PROVINSI SULAWESI SELATAN
A, Akhmad;
Noer Azam Achsani;
Mangara Tambunan;
Sumedi Andoyo Mulyo
AGRIBUSINESS JOURNAL Vol 7, No 1 (2013): AGRIBUSINESS JOURNAL
Publisher : Departement of Agribusiness Faculty of Science and Technology
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DOI: 10.15408/aj.v7i1.5167
Hasil penelitian tersebut menunjukkan bahwa kebijakan fiskal memberi dampak positif dalam pembangunan pertanian. Oleh karena itu pemerintah daerah kabupaten dan kota di Provinsi Selatan dalam era otonomi daerah dewasa ini, diharapkan dapat mengambil kebijakan fiskal yang dapat mendorong pembangunan pertanian, mengingat sebagaian besar penduduknya berkerja pada sektor pertanian di perdesaan dengan tingkat penghasilan yang rendah, maka penelitian ini bertujuan untuk mengetahui dampak kebijakan fiskal daerah terhadap pembangunan pertanian kabupaten/kota di Provinsi Sulawesi Selatan. Penelitian ini menggunakan model ekonometrika dengan sistem persamaan simultan. Model sistem persamaan simultan yang dibangun terdiri atas 19 persamaan struktural dan 8 persamaan identitas. Model tersebut dibagi ke dalam tiga blok meliputi blok (1) fiskal, (2) permintaan agregat, dan (3) kinerja perekonomian. Hasil penelitian ditemukan bahwa kebijakan fiskal yang dilakukan oleh pemerintah daerah terutama belanja modal sektor pertanian, dapat meningkatkan PDRB sektor pertanain dan pendapatan petani. Sementara belanja modal non pertanian dapat mendorong investasi swasta. Selanjutnya investasi swasta dapat mendorong peningkatan produk domestik regional non pertanian. Disamping itu investasi swasta juga dapat menurunkan angka pengangguran. Sementara kemisikinan dapat diturunkan seiring dengan peningkatan produk domestik regional bruto. Pada sisi lain kebijakan fiskal dengan tujuan untuk meningkatkan pendapatan asli daerah dapat mengurangi investasi swasta. Hal ini menunjukkan bahwa apabila pemerintah daerah memaksakan untuk menggali potensi pajak dan retribusi daerah, dapat menimbulkan high cost economy yang berdampak pada turunnya investasi. Dengan keterbatasan APBD, maka perlu dilakukan efisiensi penggunaan anggaran terutama pada belanja lain-lain, dan belanja barang dan jasa, selanjutnya digunakan untuk meningkatkan belanja modal untuk memperbaiki infrastrukur yang ada.
The Design Process for Entrapping Limonin and Naringin in Siam Juice by Cyclodextrin
Dian Fajarika;
Erliza Noor
IPTEK Journal of Proceedings Series Vol 1, No 1 (2014): International Seminar on Applied Technology, Science, and Arts (APTECS) 2013
Publisher : Institut Teknologi Sepuluh Nopember
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DOI: 10.12962/j23546026.y2014i1.283
Siam juice contain limonin and naringin that produce a bitter taste although these compounds useful as an antioxidant and anticancer. Bitter taste in juice is unfavor for consumer. The purpose of this research was to find the best conditions in reducing bitter taste in Siam juice by using cyclodextrin and cellulose acetate. These research performed at variation of mixing temperature (27; 60 and 80ºC), cyclodextrin concentration (0.1; 0.3 and 0.5% (w/v)) and cellulose acetate ( 0.2; 0.4 and 0.6% (w / v)). The results showed that the use of cyclodextrin and cellulose acetate were able to trap limonin and naringin. The higher reducing limonin juice was 91.57% by addition cyclodextrin 0.1% at 60ºC, whereas for naringin obtain by addition cellulose acetate 0.5% at 79.69% . At this temperature, the juice quality (vitamin C) can be maintained.
PENINGKATAN MUTU BIJI KOPI RAKYAT DENGAN PENGOLAHAN SEMI BASAH BERBASIS PRODUKSI BERSIH
Elida Novita;
Rizal Syarief;
Erliza Noor;
Sri Mulato
JURNAL AGROTEKNOLOGI Vol 4 No 01 (2010)
Publisher : Faculty of Agricultural Technology, University of Jember
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Application of semi-wet processing in coffee post harvest is one effort to improve smallholder coffee bean quality, eventhough produce wastewater that harmfull for environmental. By implementing cleaner production concept with water minimization could solve environmental problems while maintaining the coffee bean. The purpose of this study was to determine the effect of semi-wet processing based on water minimization on coffee quality. Coffee berries are treated by minimize water design to produce coffee bean. Quality testing includes water content analysis, physical quality test based on SNI standards and cup test (sensory test). Coffee bean samples from semi-wet processing are compare with coffee bean from dry process and Sidomulyo smallholder. The results showed selective picking during harvest and semi-wet processing affects physical quality. Water process minimization showed no difference on physic and sensory quality of coffee beans. Though physical assessment cannot fully guarantee the beverage quality, but could anticipate most of defects flavored coffee drink. Conversely, the error in estimating of coffee taste based on physical properties can be minimized by cup test. Although, the sensoric assessment is subjective likely, but the cup test showed there is effect of semi-wet processing to the quality of coffee drinks as a final product.Keywords: coffee quality, coffee bean, semi-wet processing, water minimization, cleaner production
MM*INDO : INTERACTIVE STATISTICS LEARNING IN INDONESIAN LANGUAGE
Hizir Sofyan;
Noer Azam Achsani
STATISTIKA: Forum Teori dan Aplikasi Statistika Vol 4, No 2 (2004)
Publisher : Program Studi Statistika Unisba
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DOI: 10.29313/jstat.v4i2.886
In line with the development of computer and information technology, interactive learning become analternative choice to the conventional one. MM*Indo is an interactive introductory to the world of statistics usingIndonesian Language. This software would help the student to understand the statistic lectures, especially in theelementary phase, through it’s dynamic explanation and many practical exercises. The software is supported by the XploRestatistical programming language and written in HTML and Javascript, so that it can be executed via World Wide Web andalso CD-ROM. It consists of 12 chapter covering all introductory themas of statistics, from the descriptive statistics,introduction to the probability, hypothesis testing until linear regression.